OptionsClick (Inactive) Review
| Broker | OptionsClick (Inactive) |
|---|---|
| US Traders Accepted | |
| Company Name | Leadtrade Limited |
| Headquarters | Nicosia, Cyprus |
| Regulation | CySEC (license #296/16) |
| Bonus Type | Match bonus |
| Bonus Size | 100% |
| Max Payout | 80% |
| Out-of-Money Reward | 15% |
| Trading Platform | TechFinancials |
| Early Closure | |
| Deposit Options | Credit/debit cards, Skrill, Neteller, CashU, wire transfer |
| Deposit Currencies | US dollar, euro, Great Britain pound, Swedish krona, Norwegian krone, Danish krone, Thai baht, Russian ruble |
| Minimum Deposit | $200 |
| Minimum Trade | $10 |
| Maximum Trade | $1,000 |
| Online Since | 2011 |
| Trading Instruments | Currencies, indices, stocks, commodities |
| Number of Trading Instruments | 101 |
| Binary Option Types | High/Low, One Touch, Range (Boundary), 60 Seconds |
| Customer Support Types | Live chat, email, phone |
| Education Offered | Online tutorial, eBook, webinar, glossary, FAQ, how-to pages |
| Tools Offered | Early close, trading signals, enhanced returns |
| Commission | The first withdrawal of the month is free; subsequent withdrawals carry a $30 fee. Dormant accounts are charged $5 per month. |
| Awards | Best Binary Options Customer Services Europe 2012 and Fastest Growing Binary Options Broker Europe 2012 from Global Banking And Finance Review. |
| Languages | English, French, German, Italian, Arabic, Russian |
| Demo Account | No |
OptionsClick has ceased its binary brokerage activities. The review below is presented for the archiving purposes.
OptionsClick is a binary options broker which used to be owned and operated by a company called Striding Limited, which was based in the British Virgin Islands. Since then it has changed hands, and is now owned and operated by Leadtrade Limited, which has its headquarters in Nicosia, Cyprus.
Leadtrade has made quite a few changes to the site and services. Some of those changes are improvements, but many of them are not. Let’s take a look at what OptionsClick currently has to offer binary options traders.
Opening an Account
First of all, OptionsClick is now regulated by CySEC under license #296/16. This is new since Leadtrade took over. OptionsClick was open to USA traders previously, but like all CySEC-regulated brokers, it now turns away USA customers.
OptionsClick seems to be aiming its services largely at Scandinavian clients, as evidenced through the currencies accepted for deposit: US dollar, euro, British pound, Swedish krona, Norwegian krone, Danish krone, Thai baht, and Russian ruble. The minimum deposit for most currencies is just $200.
There are no account tiers listed for OptionsClick, but there is a page for VIP and Custom Programs. This page says, “Simply register for your free account now, contact our support team via Live Chat, email or phone, or request a Call Back to get the details and to customize a program suited for you.”
In other words, you can create a custom package which is structured to support your needs with the help of the OptionsClick team. Special features offered include customizable out-of-money refunds, dividend enhancements, and increased dividend payouts. OptionsClick also mentions that it offers a signal service, though this is not discussed on this page.
This all sounds like a promising concept, but it is quite vague as it is currently expressed on the OptionsClick website.
There are withdrawal fees, but you should be able to get around them for the most part if you think ahead. Your first withdrawal each month is free, after which you have to pay a $30 fee for subsequent withdrawals. There is also a dormant account fee of €50 per month.
OptionsClick has lost quite a lot in the area of promotions. Match bonuses up to 100% are available, as well as some hefty referral bonuses. But these are the only programs I found. The previous incarnation of the site actually had a lot of cool rewards including daily and monthly specials and cash rewards for top traders. All of that is gone now.
Trading on OptionsClick
The trading platform on OptionsClick looks quite different than it did in the past, though so far as I can tell it is still TechFinancials. The colors are different, however, as is the overall look and feel.
While there is unfortunately no demo account which you can use to practice your trading on OptionsClick, you can trade live on your desktop, laptop, or Android mobile device.
One thing which has improved on OptionsClick is the number of assets available to trade, which used to only be 64. Now there are over 100 commodities, indices, stocks, and currencies. Payouts are around 80% on average, but presumably are lower if you opt for an out-of-money refund through account package customization.
You will notice there are four different types of trades you can place on the site: High/Low, 60 Seconds, One Touch, and Range. These are all common types of trades, and the same types of trades which were available in the past. Range trades are not available on all binary options sites and are a nice addition on OptionsClick since they allow you to place trades which are profitable even when the markets are flat.
Another improvement that has been made on the site is the addition of some educational resources. Previously the site had nothing more than an FAQ, glossary, and some how-to pages. But now there is an online tutorial available as well along with an eBook and a webinar.
Still, a demo account would allow customers to actually take those learning materials and make use of them in a training scenario where real money is not at stake. As it is, customers have to find somewhere else to practice before they can trade on OptionsClick, which is quite inconvenient.
Customer Support
Customer support is an area where OptionsClick seems to have declined, though not much. Last time I checked in on this broker, I never did manage to reach anyone through live chat. But there was at least a live chat window and a message telling me how far behind in line I was (it must have been quite a bit). Now if you click on Live Chat, it does not open at all, suggesting a technical problem of some sort. This leaves only email or telephone as an option to get in contact with someone.
Conclusion: OptionsClick Has Changed For Better and Worse
OptionsClick has always been a mixed bag, and it remains one today. On the plus side, it is now a regulated broker, and there are more educational resources for customers. There are a lot more assets to trade as well, and still a great selection of different options types.
There are downsides, however. There is no demo account, customer service seems lacking, and bonuses and promotions are no longer as innovative as they were when the company was owned by Striding Limited. The customized accounts seem innovative, but right now they are not all that well-implemented, at least when it comes to providing information on the site about how they work and what their limitations are.
So at this time, I cannot give a recommendation to OptionsClick, though I would not insist on avoiding it either as there are some interesting features. This broker has a lot of work to do however if it wants to be truly competitive in the market. At the moment, it is “just another TechFinancials white label broker,” and there are a lot of other choices out there which are far more compelling to traders.
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